The Delhi High Court on Friday granted bail to Yes Bank founder Rana Kapoor in a money laundering case being probed by the Enforcement Directorate (ED). Kapoor was arrested for allegedly sanctioning a loan of over ₹200 crore to a company owned by HDIL promoters Rakesh and Sarang Wadhawan, when he was Chairman of Yes
The Supreme Court on Friday pulled up a private medical college for compelling a post-graduate student to pay five lakhs in lieu of compulsory service after completing her course. A Single Judge Bench of the Madhya Pradesh High Court in 2020 had held that the appellant college refusing to release the original documents and the
The proprietor of the infringing gym was held in contempt of court for disobeying the court’s earlier orders, therefore the court granted a permanent injunction in favour of Crossfit. In a trademark infringement lawsuit brought against a club in Gurugram, the US-based fitness business CrossFit was given 10 lakh in fees by the Delhi High
The Supreme Court raps the Centre over the Tribunals Reforms Act, saying, “You are testing the patience of the court; you have no respect for our judgments.” The Supreme Court chastised the Union Government on Monday for delaying the filling of vacancies in tribunals and for passing the Tribunals Reforms Act, which it described as
Introduction There is a word out in the legal arena about a review committee to be formed for the review of legal provisions that allow for the withdrawal of an insolvency case in approbation of an often-negligible one-time settlement (OTS). The Siva Industries Case What shall one anticipate when a bank loan of roughly to
What Happened? In December 2020, SBI filed an Insolvency petition filed against Videocon Industries Limited (Videocon). Later in that month, Videocon informed investors of approval by the Committee of Creditors (CoC) in a regulatory filing of a resolution plan as submitted by Twin-Star Technologies Limited. Twin Star Technologies is a limited company promoted by the
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